Actions under delegated authority PDF

Actions taken during the week ending May 16, 2026

Bank Branches, Domestic
Kansas City

Stryv Bank, Wichita, Kansas -- to establish a branch at 3527 North Ridge Road, Wichita, Kansas.
Approved: May 15, 2026

San Francisco

United Business Bank, San Francisco, California -- to establish a branch office at 121 Spear Street, San Francisco, California.
Approved: May 12, 2026

St. Louis

The Central Trust Bank, Jefferson City, Missouri -- to establish a branch at 427 East Main Street, Montrose, Colorado.
Approved: May 14, 2026

Bank Holding Companies
Cleveland

CSB Financial, Inc., Bethel, Ohio -- to become a bank holding company by acquiring Community Savings Bank, Bethel, Ohio, upon the conversion of Community Savings Bank from mutual to stock form.
Approved: May 15, 2026

New York

Rhinebeck Bancorp, MHC, Poughkeepsie, New York -- to convert from mutual to stock form and, as part of the conversion, to merge with its subsidiary, Rhinebeck Bancorp, Inc., which controls Rhinebeck Bank, both of Poughkeepsie, New York.
Approved: May 12, 2026

Bank Mergers
Kansas City

Armstrong Bank, Muskogee, Oklahoma -- to purchase certain assets and assume certain liabilities of First Guaranty Bank, Hammond, Louisiana, and thereby establish branches.
Approved: May 14, 2026

Bank Premises
Richmond

Putnam County Bank, Hurricane, West Virginia -- to increase its investment in bank premises.
Approved: May 13, 2026

Change in Bank Control
Kansas City

Padgett Agency, Inc., Greenleaf, Kansas -- Brent R. Padgett Irrevocable Trust U.T.A. dated February 27, 2026, Lawrence, Kansas, and its trustee, Brent R. Padgett, Lawrence, Kansas; Melissa R. Padgett Irrevocable Trust U.T.A. dated February 27, 2026, and its trustees Melissa R. Padgett, Lawrence, Kansas, and Gregory Lam, Lawrence, Kansas, to become members of the Padgett Family Control Group, a group acting in concert, to acquire voting shares of Padgett Agency, Inc., and thereby indirectly acquire voting shares of The Citizens National Bank, Greenleaf, Kansas.
Permitted: May 11, 2026

Financial Holding Companies
Atlanta

OptimumBank Holdings, Inc., Fort Lauderdale, Florida -- election to become a financial holding company.
Effective: May 13, 2026

Minneapolis

Luminate Capital Corporation, Minneapolis, Minnesota -- election to become a financial holding company.
Effective: May 13, 2026

Membership
St. Louis

BankPlus, Belzoni, Mississippi -- to become a member of the Federal Reserve System.
Approved: May 13, 2026

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Last Update: May 21, 2026